. >> opportunities might be an energy. julie has been looking at the supply and demand issues with energy. bloombergm at industries has been looking at this their case -- bear case. it is not bode to offer prices. if you look at a number of different sources -- supply and great and demand in green, the estimates going forward in 2014 etc. he iea, opec, it looks like supply could outstrip demand. points to a little bit of a faltering in the chinese economy, which accounts global demand, as well as an abatement of the geopolitical risks that have been propping up oil prices this year. >> is that something you are pricing in? >> we take that into consideration but edge is a long-term investor and we are focused on this move towards energy independence in the u.s. there are opportunities to be at in this space. it has been underperforming because of the supply and demand issues. we use that as a buying opportunity. >> jill, thank you for joining us. coming up, bloomberg has uncovered a hidden billionaire. haulhead of you all -